Interim director appointment sees HHV resume trading
The Hunter Hall Global Value fund (HHV) has recommenced trading on the Australian Securities Exchange (ASX) following the appointment of an interim director to its board.
The company announced today that it had appointed Robert Millner to the interim role which had become vacant as a result of the former chair, Paul Jensen, losing his position in the ballot held at last week’s extraordinary general meeting.
The ASX announcement said Millner had extensive experience as a public company director and had agreed to take on the role of interim director to enable a lifting of the voluntary suspension of trading required by public company rules.
It said Millner would step down from the board as soon as a permanent replacement for Jensen had been appointed.
Millner is the chairman of HHV’s second-largest shareholder, Washington H. Soul Pattinson.
HHV deputy chairman, David Groves said the board had begun a search for a suitable successor to Jensen and while wanting to make the appointment as soon as practicable would not be rushing the process at the expense of identifying the best possible candidate.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
